Written by: Subhasish Adhikary

How to open a Bajaj FinServ Demat Account? Full Guide

Bajaj FinServ has launched its new Demat Account Opening facility. This service allows customers to open their Demat Accounts online through their website.

If you are looking to invest in the Indian stock market, then you will need to open a demat account with a broker. One such broker is Bajaj finserv, which offers a range of financial services, including a demat account. In this article, we will look at how you can open a Bajaj finserv demat account.

Bajaj FinServ Demat Account Opening

To open a Bajaj finserv demat account, you will need to fill out an online application form. You will need to provide your personal details, as well as your contact information. Once you have submitted the form, a representative from Bajaj finserv will contact you to complete the account opening process.

Once your account is open, you will be able to trade in the Indian stock market. You will be able to buy and sell shares, as well as monitor your portfolio. Bajaj finserv also offers a range of other services, such as mutual funds and insurance.

Customers can now avail this facility without visiting any branch of Bajaj FinServ. They can simply visit the website and follow the instructions provided.

How to Open a Demat Account?

To open a demat account, customers need to visit www.bajafinservdemat.com and click on “Demat Account” option. After that, they have to enter their PAN number and other details like name, address, email ID, mobile no., etc. Then they have to select the type of account (Individual/HUF) and then proceed further.

How to open a Bajaj FinServ Demat Account Guide

To open a Bajaj Finserv Demat Account, customers need to complete the following steps:

Total Time: 15 minutes

1. Open your Demat account with BFSL online

Open your Demat account with BFSL (Bajaj FinServ) through online mode only.

2. Visit their website

Visit https://www.bajajfinserv.in/open-demat-trading-account-online

3. Click on the open account button

Now, after visiting the website, click on the open account button.

4. Fill out the account opening form

Fill out the account opening form with correct details like name, address, pan, and bank info.

5. Click on submit button

After filling out the form, click on submit button.

6. Choose a subscription plan

You need to choose any of the three subscription plans (more on this topic below).

7. Provide KYC Documents

The next step towards opening a Demat account is KYC. This means that you need to provide details about yourself like name, address proof, PAN card, etc.

8. Video Verification

In-person video verification where you have to read a script to you by them and upload it.

9. Review & E-sign

Now once review every piece of information and then e-sign the form and validate using top.

10. Get login credentials

You’re almost done with the process, now submit the form and BFSL will send you log-in details ASAP.

11. Add Funds and start trading

Once you log in, you can start adding funds to your newly created BFSL Demat account and start trading. Buy shares of companies or invest in your favorite mutual funds.

Bajaj Financial Security Limited Demat Account Charges

BFSL Demat Account
BFSL Demat Account

Bajaj Finserv offers a Demat account with a number of features and benefits. However, there are charges associated with this account. Let’s take a look at the different charges that you may incur.

Bajaj Financial Security Limited Account Opening Charges:

The account opening charges for a Bajaj Finserv Demat account are zero. This is absolutely no charge that you will need to pay at the time of opening your account. But from the second year onwards you’ll need to pay a minimum of Rs 431 per year as subscription charges.

Annual Maintenance Charges:

The annual maintenance charges for a Bajaj Finserv Demat account are absolutely free. But there is a recurring charge that you will need to pay every year.

Bajaj finserv demat account brokerage charges:

The transaction charges for a Bajaj Finserv Demat account vary depending on the type of transaction. For instance, the charges for an equity delivery are 0.10% per transaction, while the charges for futures and options (F&O) transactions are Rs. 17 per order.

Other Charges:

The above charges are for only the freedom plan, for the other two plans professional and privilege club the charges are Rs 10 and Rs 5 for equity and F&O. MTF interest rates are 12% and 8.5% respectively.

Bajaj Financial Security Limited Demat Account Subscription Plans:

Currently, there are providing three types of plans for their customers.

  1. Freedom Pack
  2. Professional Pack
  3. Privilege Club

Let us see the benefits of each of the plans.

ChargesFreedom PackProfessional PackBajaj Privilege Club
Plan costRs 431Rs 2,500Rs 9,999
Equity Delivery0.10%Rs 10Rs 5
F&ORs 17/OrderRs 10Rs 5
MTFNot applicable12% interest8.5% interest
Bajaj Financial Security Limited Demat Account Subscription Plans

Bajaj finserv demat account benefits:

  1. Zero account opening charges
  2. Zero AMC
  3. The first year you’ll get their base plan for free, i.e., Freedom plan worth Rs 431 free.
  4. Low brokerage charges among other full-service brokers in India
  5. Both web-based version and mobile trading app for users.

How to close Bajaj finserv demat account

Bajaj Finserv Demat account can be closed by following the below steps:

  • Visit the Bajaj Finserv website and log in into your account.
  • Click on the ‘My Accounts’ tab and select the ‘Demat Account’ option.
  • Click on the ‘Close Account’ button.
  • Fill in the required details and submit the form.
  • Your Bajaj Finserv Demat account will be closed within 24 hours.

Bajaj finserv demat account review:

Well, BFSL offers full broker services, which absolutely not recommended for beginners. You need to be well versed with stock trading to signup for these types of stockbrokers.

Apart from that, the brokerage charges are one of the lowest in India. They provide a clean and intuitive trading dashboard that is easy to navigate and use. Also, if you’re away from your laptop/desktop, you can use their mobile app for trading too.

Bajaj Financial Security Limited Demat Account customer care number: 08698010101. You can reach out to them using this number.

Website: https://www.bajajfinservsecurities.in/

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Subhasish Adhikary

I'm constantly in search of the latest gadgets & technology news that I can share with you. In my meantime, I blog on topics ranging from digital marketing, online business, startups to tech gadgets.


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